Volkswagen AG
Rivian shares soar 30% right after Volkswagen can take $1 billion stake
Workers assemble 2nd-generation R1 motor vehicles at electric powered automobile maker Rivian’s production facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | Reuters Volkswagen programs to spend up to $5 billion in electric powered automobile startup Rivian, setting up with an first investment of $1 billion. The added $4 billion is anticipated […]
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VW updates 2025 Jetta to boost sales of the brand’s entry-level car
Volkswagen on Tuesday announced updates for its 2025 Jetta sedan to boost sales amid industry-wide affordability concerns. The entry-level version of the Jetta with an automatic transmission will start at $21,995 when it goes on sale, expected by the end of the third quarter, the company said. That model will replace the current lower-priced model […]
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Chinese official slams EU probe into EV subsidies as ‘selective’
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official […]
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Shares of Porsche, VW and other European carmakers fall following reports of ‘dieselgate’ lawsuits in Britain
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images Shares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible lawsuits in Britain […]
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GM has a secret to help sell its new EVs. It’s Costco
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program […]
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Porsche reveals first-ever 911 hybrid sports car, starting at $164,900
2025 Porsche 911 Targa 4 GTS hybrid sports car Porsche Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of $164,900. The 2025 911 Carrera GTS hybrid marks a significant change to the iconic German sports car amid the automotive industry’s focus on increasing electrified […]
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Volkswagen in concrete conversations more than car or truck partnerships in India
The logo of German motor vehicle big Volkswagen (VW) is found on a Volkswagen ID Buzz van during the company’s yearly push meeting to present the business report, on March 14, 2023 in Berlin. Odd Andersen | AFP | Getty Visuals Volkswagen is in concrete talks about partnering up on passenger vehicle output in India, […]
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BMW imported 8,000 Mini Coopers with banned Chinese pieces into U.S., Senate report says
An staff checks the symbol of a motor vehicle during its remaining inspection on a output line at Germany’s carmaker BMW plant in Leipzig, japanese Germany, on Oct 20, 2022. Ronny Hartmann | Afp | Getty Illustrations or photos German automaker BMW imported at least 8,000 Mini Cooper autos into the United States with electronic components […]
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Autos analysts pick who can survive China’s slice-throat EV industry
Investment analysts are coalescing all-around a number of likely winners in China’s motor vehicle market soon after a 10-day car present in Beijing put the ferocious level of competition on complete show. The opening early morning of China’s largest automobile clearly show of the 12 months — April 25 in this situation — is typically […]
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China’s automakers have to adapt speedily or shed out on the EV boom in the face of regulatory scrutiny overseas and opposition at residence
Vital Points Adoption of battery and hybrid-driven cars and trucks has surged in China, but an onslaught of new types has fueled a selling price war, whilst regulatory scrutiny grows abroad. “The pace of elimination will only decide on up,” Feng Xingya, common manager at GAC, explained to reporters on the sidelines of the Beijing […]
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